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Mar 18, 2013
03/13
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it is the banking system the size of this economy, you talk about the fact that large percentage of the deposit are outside attempting to trick the nation and the bank in the unique way. i sure hope they backpedal on insurance deposits, that would provide a little bit of stability and i hope they suggest this is not something we're looking to do broadly across the euro zone nations. melissa: do you think they will do that, or do you think the opposite, that other people follow suit? this is really unprecedented. they're basically skimming people's bank accounts. >> i agree with both of you, which is always a good thing to do. the fact is they will try to reassure people this is a one off thing. they have rung the spell. now people know especially larger depositors know if they're in italy or spain they could be hit by this. the one thing we have not mentioned is russia. love those large deposits are from russians. including those who had taken the money. the fact they're taking a haircut is not anything people want to cry tears over, the thing is now that we have crossed this red line,
it is the banking system the size of this economy, you talk about the fact that large percentage of the deposit are outside attempting to trick the nation and the bank in the unique way. i sure hope they backpedal on insurance deposits, that would provide a little bit of stability and i hope they suggest this is not something we're looking to do broadly across the euro zone nations. melissa: do you think they will do that, or do you think the opposite, that other people follow suit? this is...
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Mar 19, 2013
03/13
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the big policy shift or abe-onomics is giving aus view of the japanese economy. we think that the current stance and the shift at the boj with the new governor taking place later this week is clearly the best opportunity japan has had in the last 15 years to get rid of deflation and i think in that sense we are staying with the market momentum which is very constructive on japan. that is our biggest overweight. >> regional equities. >> we'll leave it there. valentin, appreciate your time today. >> i had mentioned as well the u.s. stocks. here is a look at futures. we saw it in cypriot banks, cypriot stocks reopen not happening. they will be staying closed until at least thursday. largely looking down on the dow by 14 points. the nasdaq and the s&p pointing higher when it did emerge that cypress wouldn't be voting and not approving the terms of the bailout last night. we're still waiting for the final confirmation on the timing of that vote. not so much market nervousness here. the ftse cnbc global 300 is down by 0.1%. as we look at major european markets, the fts
the big policy shift or abe-onomics is giving aus view of the japanese economy. we think that the current stance and the shift at the boj with the new governor taking place later this week is clearly the best opportunity japan has had in the last 15 years to get rid of deflation and i think in that sense we are staying with the market momentum which is very constructive on japan. that is our biggest overweight. >> regional equities. >> we'll leave it there. valentin, appreciate your...
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Mar 19, 2013
03/13
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it was not a good idea to do it this way, as for 2014, i thi it depends on the circumstances in the economy. if there is more obama fatigue. lou: can i say, watching the republican party with all prevail -- tre veil, i think that everyone better give up on idea of doing anything with the democrats and letting the economy doing the intellectual heavy lifting for the republican party, they better get ready to go. because, this is not going to be a default election, just as 2012 was. i have to -- i hate to do it, but we have to right there. anyway, thank yo thank you very, that is it for us, we hope you will be us tomorrow, congressman frank wolf of join us. on what is going on in the obama justice department, from new york. york. >> you know every liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account.
it was not a good idea to do it this way, as for 2014, i thi it depends on the circumstances in the economy. if there is more obama fatigue. lou: can i say, watching the republican party with all prevail -- tre veil, i think that everyone better give up on idea of doing anything with the democrats and letting the economy doing the intellectual heavy lifting for the republican party, they better get ready to go. because, this is not going to be a default election, just as 2012 was. i have to --...
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Mar 19, 2013
03/13
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what does it mean for the economy? the human toll is devastating and makes us all shudder to see the pictures. this is a show about "money". we want to make sure we discuss that. what does decivilization mean for the economies of the region? >> well, because you have sort of the shia-sunni axis splitting right in the middle of syria you will see the arab sunni states, the gulf states getting involved. they may find the destabilization prevents transport of oil like it used to. they jack up prices to get world attention and also because maybe they will have to as the region becomes destablized with iraq and iran involved. so at the end of the day i think you're going to see, your segment with boone pickens was so right on the money, we have to find alternative. if there is any message not only to get involved, i pray that the obama administration realizes we need a no-fly zone. we need to arm the rebels about. this is not exact science what to do there. we need to take sides. the darwin one evolution what is happening i
what does it mean for the economy? the human toll is devastating and makes us all shudder to see the pictures. this is a show about "money". we want to make sure we discuss that. what does decivilization mean for the economies of the region? >> well, because you have sort of the shia-sunni axis splitting right in the middle of syria you will see the arab sunni states, the gulf states getting involved. they may find the destabilization prevents transport of oil like it used to....
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Mar 15, 2013
03/13
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economy is resilient. with stocks at all-time highs, despite tepid economic growth, he says there's little sign of a bubble forming in markets. >> the analysis i've seen doesn't give me reason to be worried right now. and i think one of the lessons we learned from 2008, 2009, is that even when things are not a problem, we always have to ask those questions. we need to make sure that we have the transparency to see what's going on in firms and is markets. we need to have the regulatory tools to deal with problems as they develop. >> speaking of bubbles, i think alan greenspan will be on about 7:30 on u.s. "squawk box" in a couple of hours time. but this any case, lew says the strengthening u.s. dollar could undermine exports, it will continue to be the government's policy. >>> senate democrats are putting off any further votes on a bill to continue funding the u.s. government and avoid a possible shutdown at the end of the month. more than 1 is 00 proposed amendments are stalling the measure. the delay leav
economy is resilient. with stocks at all-time highs, despite tepid economic growth, he says there's little sign of a bubble forming in markets. >> the analysis i've seen doesn't give me reason to be worried right now. and i think one of the lessons we learned from 2008, 2009, is that even when things are not a problem, we always have to ask those questions. we need to make sure that we have the transparency to see what's going on in firms and is markets. we need to have the regulatory...
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Mar 19, 2013
03/13
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emerson. ♪ emerson. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities.
emerson. ♪ emerson. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities.
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Mar 20, 2013
03/13
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david: sort of a bellwether of the economy, what the economy is doing here and as well overseas caterpillar was the worst performer on the dow. it was only down less than 2%. it did drag down the dow from what it could have been. the company is reporting dealer sales, get this, in the asian region dropped 26% in the last three months. north america by comparison only fell 12%. big drop in purchases from asia. lauren: stronger than expected results from general mills giving a boost to the food stocks today, a slew of flames hitting life-time highs -- names. hershey, flower foods. j&j snack foods and hormel on the list. david: the markets continued their climb as the federal reserve vowed to keep the printing presses roll being but is the market the only thing really benefiting from their programs? former congressman and long-time fed critic ron paul is telling us exclusively how all this could have potentially, extremely dangerous impact on the money you have in the bank and our country in general. lauren: plus cyprus may be the on the brink of default and looking to confiscate people's mone
david: sort of a bellwether of the economy, what the economy is doing here and as well overseas caterpillar was the worst performer on the dow. it was only down less than 2%. it did drag down the dow from what it could have been. the company is reporting dealer sales, get this, in the asian region dropped 26% in the last three months. north america by comparison only fell 12%. big drop in purchases from asia. lauren: stronger than expected results from general mills giving a boost to the food...
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Mar 18, 2013
03/13
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economy remains pretty good. it's a safe haven. the dollar has done better relative to lots of other things. the u.s. is a pretty good place to be including with the cypress event. cheryl: you know, if you look at -- well, okay, first we're looking at gdp. obviously, they've got a massive unemployment problem, 1.1 million people on the small island rocking global markets, but this bailout plan, i think that is where the spook kind of came from. a lot of russian money, a lot of wealthy russian investors have their money parked in cypress banks. is that kind of what's got european investors nervous, the running, you know, running towards spain and italian bonds or is something else going on? >> well, i think there's no question that, um, the size of the economy as was reported earlier, that doesn't matter a whole lot. it's all about the connection to europe and the euro. and as you know, anytime somebody says i've got a deposit and somebody says i'm going to take some away from you, boy, that does a whole lot to scare people away, an
economy remains pretty good. it's a safe haven. the dollar has done better relative to lots of other things. the u.s. is a pretty good place to be including with the cypress event. cheryl: you know, if you look at -- well, okay, first we're looking at gdp. obviously, they've got a massive unemployment problem, 1.1 million people on the small island rocking global markets, but this bailout plan, i think that is where the spook kind of came from. a lot of russian money, a lot of wealthy russian...
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Mar 19, 2013
03/13
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they need to think about what is good for the economy as a whole. stuart: would you eat a non-union twinkie, phil? >> you ask me a variation of that question every time i am here. stuart: you know the question. would you eat a non-union twinkie? >> first of all, i would not eat a twinkie. what i would do is i would patronize the company. stuart: you got out of that one. all right. thank you very much, phil. it is good to see you and we will bring you back soon. we will offer you a twinkie bought by me when they are back on the shelves. what is going on with chesapeake energy? the stock is moving. nicole: did you actually say you are going to buy something for somebody should mark that should be the headline right there. chesapeake being cut today to an under performer. making available $2.3 billion this move for chesapeake energy under some pressure. stuart: the situation of cyprus. it is scaring people. how confident are you in this country's banks? we have some numbers for you coming up. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles
they need to think about what is good for the economy as a whole. stuart: would you eat a non-union twinkie, phil? >> you ask me a variation of that question every time i am here. stuart: you know the question. would you eat a non-union twinkie? >> first of all, i would not eat a twinkie. what i would do is i would patronize the company. stuart: you got out of that one. all right. thank you very much, phil. it is good to see you and we will bring you back soon. we will offer you a...
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Mar 19, 2013
03/13
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way ahead of the economy. the economy is not doing badly. >> neil: what is behind the companies spending all this cash in apple's case, hiking its dividend, and everything else? they're doing something didn't used to do. are you encouraged by that? look can how they're spending that? >> well, hiking the dividends, increasing the buybacks don't increase competitiveness. so if you don't get demand in this economy, don't get growth this, whole idea about jobs -- we have this conversation all the time. people talking about, let's have more job. why aren't people hiring? because we don't have the demand, and we've got to create a society that looks at growing the pie, making the pie bigger, getting gdp up to 3-1/2 to 4%, and letting everybody benefit from the growth. that what we're after. >> neil: you were back running ge and you vastly expanded that empire -- you would not be inclined to expand plant equipment, maybe if you had a cash to work with you would you do the stuff apple is doing, the kind of stuff comca
way ahead of the economy. the economy is not doing badly. >> neil: what is behind the companies spending all this cash in apple's case, hiking its dividend, and everything else? they're doing something didn't used to do. are you encouraged by that? look can how they're spending that? >> well, hiking the dividends, increasing the buybacks don't increase competitiveness. so if you don't get demand in this economy, don't get growth this, whole idea about jobs -- we have this...
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Mar 14, 2013
03/13
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. >> still more money that guess out of the economy and doesn't have an impact. more importantly, though, it's still sold the same way. still taxing the rich corporations and rich americans who have unfair advantages. so it leaves the door open to another sort of tax the next go-around. i didn't think -- >> neil: i thought that was off the table. >> after you get $41 in tax hikes with one dollar in tax cuts. >> there is the argument that you have the ryan plan, the murray plan, maybe have two sides that could broach some differences but i see some chasm >> but it's a more hopeful tone on both parties. the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for
. >> still more money that guess out of the economy and doesn't have an impact. more importantly, though, it's still sold the same way. still taxing the rich corporations and rich americans who have unfair advantages. so it leaves the door open to another sort of tax the next go-around. i didn't think -- >> neil: i thought that was off the table. >> after you get $41 in tax hikes with one dollar in tax cuts. >> there is the argument that you have the ryan plan, the...
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Mar 14, 2013
03/13
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economy. after all of these years there is pent-up demand for housing, pent-up demand from businesses for capital investment and hiring. maybe this is the year that it finally comes together. we have had some false starts in the past couple of years. the difference this year is the housing market is finally coming back. and number two, banks lending again. household businesses are willing to take on credit. lou: wget a lot of. [indiscernible] economists. some suggesting banks and lending, saying they're not. we have to move more money into the retail space. what say you? >> when we look at the latest lending figures we can see that banks are lending and it is happening across categories, auto loans, commercial and industrial loans, most lagging sector is mortgages but that is even starting to show some signs of life. banks and lending in areas appetite for loans. lou: carl, as we wrap this thing up, what are you still just outrageously bullish on in this market? >> even more so after today's f
economy. after all of these years there is pent-up demand for housing, pent-up demand from businesses for capital investment and hiring. maybe this is the year that it finally comes together. we have had some false starts in the past couple of years. the difference this year is the housing market is finally coming back. and number two, banks lending again. household businesses are willing to take on credit. lou: wget a lot of. [indiscernible] economists. some suggesting banks and lending,...
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Mar 16, 2013
03/13
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they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country at large because he is making a connection between economic liberty and prosperity. he understands that does look to the 20th-century. always the most prosperous countries are always the most free. and the message of essentially constitutionality, individual rights, that is tremendously bullish for the market. bullish for the economy. hitting the nail on the head. the fact that everything investors are seeing that we had a sequestered. this guy did not fall. there is still more work to be done in terms of cutting the size of government and going the size of the private economy. neil: that might have been something that job in the repu
they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country at large because he is making a connection...
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Mar 21, 2013
03/13
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at t.owe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully beore investin i'm breathing better. adv, so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medicatio, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won replace fast-acting inhalers for sudden symptoms and should not be used more thanwice a d. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask yo doctor if including advair could help improve your lu
at t.owe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully beore investin i'm breathing better. adv, so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd...
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Mar 14, 2013
03/13
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FBC
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, growing the economy, creating jobs. you're saying mathematically the opposite. where do you get that from? >> it is just common sense. we have a lot of debt and it is growing rapidly. ask somebody about to locate a business in the united states, expand a business and hire a worker say to them, okay, we'll not change our spending plans. future? you see in the there are really two futures. future number one is where we do nothing, we went straight into financial crisis like 2008 which drags down the economy and that's not a growth strategy. future number two is, you don't change the spending which means you have to raise taxes to avoid a big debt crisis. then you have to raise the top marginal tax rate to 92% in order to close the gap. there is no way you're going to get a business to invest with a 92% tax rate. high taxes are disaster. i mean look, melissa, open a business in a world with high taxes or disaster, which would you pick? that's where we are. melissa: i hear you. what were the some of the things you heard fro
, growing the economy, creating jobs. you're saying mathematically the opposite. where do you get that from? >> it is just common sense. we have a lot of debt and it is growing rapidly. ask somebody about to locate a business in the united states, expand a business and hire a worker say to them, okay, we'll not change our spending plans. future? you see in the there are really two futures. future number one is where we do nothing, we went straight into financial crisis like 2008 which...
71
71
Mar 13, 2013
03/13
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FBC
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rowe price, we understand the connections of a complex, gloal economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through galzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dres. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your se. and make your business dream a reality. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 9decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting un
rowe price, we understand the connections of a complex, gloal economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company...
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115
Mar 15, 2013
03/13
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FBC
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eye 115
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rowe price, we understand the connections of a complex, global economy. it's just one rean over 75% of our mutual funds beat their 10-year lipper average. twe price. inest with confidence. requesa prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ...amelia... neil and buzz: for teaching us that you can't create the future... and with that: you're history. instead of looking behind... lta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we'rmaking it. ♪ gerri: finally tonight, when in rome more in this case in atlantic city, earlier today i decided to try my luck at blackjack. take a look at this. i am in the high limit room. we are going to the -- i'm going you're going to teach me how to win. that is the whole goal, to learn how to be by has been applied jack. okay. this is what i'm doing. a $50 game. i need to put into of these. read your. ger
rowe price, we understand the connections of a complex, global economy. it's just one rean over 75% of our mutual funds beat their 10-year lipper average. twe price. inest with confidence. requesa prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ...amelia... neil and buzz: for teaching us that you can't create the future... and with that: you're history. instead of looking behind... lta is looking beyond. 80...
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Mar 21, 2013
03/13
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FBC
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i think it is a really counterproductive move that will be very damaging to the cypriot economy. melissa: absolutely. what kind of reaction have you gotten from this resolution? >> i think very positive. members on both sides of the aisle understand that our savers and investors ought to have some insurance and reassurance in this area. so i think there's a good chance we can actually get this through? melissa: congressman, thanks so much for coming on tonight. we certainly appreciate your time. >> thank you. melissa: now to alarming new developments. bankers in the european union,. e.u. is about to officially pass a new law that caps bonuses for their bankers at their salary amounts. it still needs final approval from the parliament and finance ministers but already gained firm approval from the e.u. states and part of the parliament. of course the concern is whether this law could gain traction and make the jump across the pond and hit bankers here in the u.s. that would certainly have a huge impact on industry as a whole. here to give insight is our very own charles payne. i m
i think it is a really counterproductive move that will be very damaging to the cypriot economy. melissa: absolutely. what kind of reaction have you gotten from this resolution? >> i think very positive. members on both sides of the aisle understand that our savers and investors ought to have some insurance and reassurance in this area. so i think there's a good chance we can actually get this through? melissa: congressman, thanks so much for coming on tonight. we certainly appreciate...
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Mar 19, 2013
03/13
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FBC
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it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus you have a society and a lot of things that need to be focused on, laser beaming becomes narrowing, i don't think that is how we' our president or anyone in congress to just have like this one bullet silver bullet solution on what will save the u.s., that is not only thing that u.s. needs right now, we not only have a jobs problem. neil: i think it should be your highest priority. >> it is important for us to look -- >> okay, i understand. >> i don't know why we're again saving the world. neil: i'm not again saving the whales and birds, i'm i w
it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus...
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Mar 15, 2013
03/13
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neil: a stimulus to the economy. he has always been that way. it pays to focus on what bill gates and doing now, he is on a spending mission, he leaves little doubt about what he thinks of republican mission and their drive to cool it on the spending without thinking about results, his biggest fear, congress cutting foreign aid. the man said that foreign raid does a lot of good for the planet. to gauge the more good than bad without a doubt, that is why the guy, he was in washington today pushing hard. urging freshmen lawmakers not to give up the fight or spending on those 2 need the help -- who need the help the most, tonight. decide whether a man can or should stop congress from closing some spending doors, perhaps of all of the interviews i've done with bill gates over the years from earliest days at microsoft or before he became the power house to keeping his juggernaut going once it was a power house to going full time in charity business, this day is for me the most meaningful and consequential, not because of anything i asked of mr. gates
neil: a stimulus to the economy. he has always been that way. it pays to focus on what bill gates and doing now, he is on a spending mission, he leaves little doubt about what he thinks of republican mission and their drive to cool it on the spending without thinking about results, his biggest fear, congress cutting foreign aid. the man said that foreign raid does a lot of good for the planet. to gauge the more good than bad without a doubt, that is why the guy, he was in washington today...
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87
Mar 18, 2013
03/13
by
FBC
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eye 87
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses at tyco integrated security, we consider ourselves business optihow?rs. by building custom security solutions that integrate video, access control, fire and intrusion protection. all backed up with world-class monitoring centers, thousands of qualified technicians, and a personal passion to help protect your business. when your business is optimized like that, there's no stopping you. we are tyco integrated security. and we are sharper. stuart: you will most likely continue to get your mail on saturday at the expense of the postal service. government spending, yes, it includes six day delivery service. charles, they want to get rid of saturdays. you cannot reform the pos
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses at tyco integrated security, we consider ourselves business optihow?rs. by building custom security...
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Mar 13, 2013
03/13
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CNBC
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eye 74
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the economy is doing better despite payroll tax increases. and importantly, the leading indicators, whether we're talking about confidence, new orders, those things are also improving. so i don't think it's all baked in. >> what gets the rotation of any magnitude from bonds into stocks, which really could accelerate things? >> capital losses on your bonds. you know, right now at bessemer, we have a maximum underweight to government debt. so we're as low as we'd go based on our strategic guidelines. but i think when you get those pension funds, those institutional investors, and even some retail investors actually saying, gosh, for the last 25 years, bonds have been a great place to be, they're not anymore. that's when i think we see that moving. i don't know if we're there yet. >> if you put money into equities, where do you want to be? >> we're trimming some of our high-yield exposure now. we started doing that in january. we're taking an additional step right now and adding further to our equity exposure. we're focusing on large-cap stocks.
the economy is doing better despite payroll tax increases. and importantly, the leading indicators, whether we're talking about confidence, new orders, those things are also improving. so i don't think it's all baked in. >> what gets the rotation of any magnitude from bonds into stocks, which really could accelerate things? >> capital losses on your bonds. you know, right now at bessemer, we have a maximum underweight to government debt. so we're as low as we'd go based on our...
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Mar 14, 2013
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting uninine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, ease? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ rth ] boris' small business earns 2% cash back on every pchasevery day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your walle gerri: a game chang
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting uninine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers....
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Mar 19, 2013
03/13
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economy and u.s. institutions are the safest in the world and will be a beneficiary. lou: we watched eight straight records on the dow. 10 straight wins on the dow. but this has been an impressive performance. if it time to say we will see you in four or five points from here, i would look at prospect of a crection, what do you think? >> we have gone pretty far, pretty fast. in an interest rate environment. look at itfrom a relative basis, so that the equity market is pretty interesting place to be. we really haven't seen for a while. lou: we will get some indications on the housing market, we will look at building permits primarily, what are you expecting? >> still think the housing market is in pretty good shape, but if you look at the opportunity out there, seeing some places the housing market is doing pretty well, seeing a lot of the excess capacity in the marketplace, in a zero interest environment, a fair amount of the pacity, investment classes come in and actually bought up a fair amount of those equities. are we going back to the old days, absolutely not. lo
economy and u.s. institutions are the safest in the world and will be a beneficiary. lou: we watched eight straight records on the dow. 10 straight wins on the dow. but this has been an impressive performance. if it time to say we will see you in four or five points from here, i would look at prospect of a crection, what do you think? >> we have gone pretty far, pretty fast. in an interest rate environment. look at itfrom a relative basis, so that the equity market is pretty interesting...
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Mar 13, 2013
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i don't know how will a robust economy can be created out of this. i mean, if these tax increases which i agree, 1 trillion democrats are proposing and what happened. if it were that will be crushing to the economy. >> with all these tax increases in the pipeline to howland the world to we realize that dream a half percent average annual real gdp growth, the cbo is predicting for the five years. we have to get this growth if we are going to be on track to move toward a balanced budget. lou: the ryan budget does that in the course of n years, but it makes a huge assumption, as just under 2 trillion that would be derived from the elimination of obamacare. that does nothing, -- does not as i said at the outset seem likely. >> not feasible today, but once obamacare goes into effect it could be that those the observable as well a the possible rationing of health care could create such an outcry that this program would be watered down substantially. lou: do you agree? >> exactly. i think he is right. i don't think it wille overturned. even though it is goi
i don't know how will a robust economy can be created out of this. i mean, if these tax increases which i agree, 1 trillion democrats are proposing and what happened. if it were that will be crushing to the economy. >> with all these tax increases in the pipeline to howland the world to we realize that dream a half percent average annual real gdp growth, the cbo is predicting for the five years. we have to get this growth if we are going to be on track to move toward a balanced budget....
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Mar 18, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> take a look at futures. the dow looks like it would open off about 103 points. fass dak would be off about 32 points and the s&p 500 off about 16 points. making headlines this morning, beyond cyprus, airbus is landing a record order of jets from indonesia's lion air. the deal is for $24 billion for 234 planes. also today, president obama is going to be nominating thomas perez to head the labor department. >> we wondered. >> an airplane guy. >> if we were going to pull back, we wondered where it was going to come from. but this doesn't change that we're still -- the dollar has been thrown away, the best house in the neighborhood, things here are still going better. so the question is, does europe still have the -- >>
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> take a look at futures. the dow looks like it would open off about 103 points. fass dak would be off about 32 points and the s&p 500 off...
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Mar 21, 2013
03/13
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i think the economy gets a surprise on the high side. the fed said that members expects gdp growth year in between 23 into eight. it will be a little higher, almost 3%. lou: great. now, that's the forecast. great to see it. up next, sator harryeid tells a major tenant of the presidents can control the agenda. in the "chalk talk" i'll show you the real reasons why. ♪ gotcha ! got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, other ? take that. never having to surrender the things that matter. gotcha. that's powerful. verizon. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. [ male announcer ] when you wear dentures you may not k
i think the economy gets a surprise on the high side. the fed said that members expects gdp growth year in between 23 into eight. it will be a little higher, almost 3%. lou: great. now, that's the forecast. great to see it. up next, sator harryeid tells a major tenant of the presidents can control the agenda. in the "chalk talk" i'll show you the real reasons why. ♪ gotcha ! got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got,...
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Mar 18, 2013
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of the economy. if you allow the banks to fail, much like letting citibank or jpmorgan here in the united states, that would have significant repercussion the in the economy. connell: where do you stand on the idea of the con cement spreading? could it happen in other countries was the question asked, it seemed like, in the markets this morning if it goes through on cypress, on to the next guy and next who have problems? >> that's a legitimate concern that the architect or one of the principle architects here, the imf, the ecb, and the european union and germany with a strong hand there. if they force this upon one country, who is to say they couldn't force it upon a larger, more important country? if europe were able to execute a plan like that, who is to say that the united states wouldn't look and say, well, they did it in europe, why couldn't we look here? connell: rule of law question; right? >> exactly. dagen: what's the solution? somewhere between forcing the haircut and letting banks fail? wh
of the economy. if you allow the banks to fail, much like letting citibank or jpmorgan here in the united states, that would have significant repercussion the in the economy. connell: where do you stand on the idea of the con cement spreading? could it happen in other countries was the question asked, it seemed like, in the markets this morning if it goes through on cypress, on to the next guy and next who have problems? >> that's a legitimate concern that the architect or one of the...
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Mar 21, 2013
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neil: first day of spring, and is the economy springing back? unemployment down, but a couple of thorns in this otherwise rosy news. fedex's quarterly profit diving by a third now warning this year could be dicey, and next year may be dicier. restaurants seeing the worst sales in three years. market watcher francis newton and whether you should be worrying back with john, and richard benjamin. francis, you're getting worried? >> absolutely. it's ancient dow theory. since when is cost cutting equal profits or equal prosperity? it equals profits in some cases, but not prosperity. the shoe is kind of starting to drop. dow theory covers two components. it covers the loss in production and also the consumer side of it. if companies are choosing freight over express airmail, why are they doing that? what's the incentive behind that? and, again, the dow transports show there's international weakness, so it's sort of, like, a matter of time. we have fiscal issues and now we're starting to see some weakness in the dow theory. neil: you know -- >> keep wa
neil: first day of spring, and is the economy springing back? unemployment down, but a couple of thorns in this otherwise rosy news. fedex's quarterly profit diving by a third now warning this year could be dicey, and next year may be dicier. restaurants seeing the worst sales in three years. market watcher francis newton and whether you should be worrying back with john, and richard benjamin. francis, you're getting worried? >> absolutely. it's ancient dow theory. since when is cost...
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Mar 13, 2013
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and these new jobs will help build our economy. i think they made the right decision, we're glad to have metlife, a gri great company coo north carolina. neil: there are a lot of zero-tax states like texas and florida trying to do what you are i do, the governors have a contest to do that but there are fewer of you guys than the high tax state guys. what happens in you woo those jobs the republican-run state ewhat do you offer they do not? >> rick perrynd nikki haily and bob mcdonald, we consider them competition, they are friends but they are competition, we welcome the competition. rick perry and i saw each other two weeks ago, we said we'll fight for our jobs, he is going to california, i fight for jobs to keep jobs in north carolina, and i'll take jobs from any place, i like to get them from overseas, also some international companies investing in north carolina. and we're having good news success, and the metlife announcement of 2600 jobs with is a positive signal for north carolina, our biggest challenge right now is small ru
and these new jobs will help build our economy. i think they made the right decision, we're glad to have metlife, a gri great company coo north carolina. neil: there are a lot of zero-tax states like texas and florida trying to do what you are i do, the governors have a contest to do that but there are fewer of you guys than the high tax state guys. what happens in you woo those jobs the republican-run state ewhat do you offer they do not? >> rick perrynd nikki haily and bob mcdonald, we...
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Mar 20, 2013
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the obama economy slowly growing as markets pushed higher. former federal reserve vice chairman and noted princeton economist with us here next. ♪ gotcha ! got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never having to surrender the things that matter. gotcha. that's powerful. verizon. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur ♪ lou: well, amidst all today, the housing market showing signs of a robust recovery. a former vice chair of the fed and noted economist alan blinder joins us here tonight to tal about the possibilities of a return to prosperity. and on wall street, the dow jones industrials powering through all those zero lorries to close higher. many investors still concerned about the eu bailout and the cyp
the obama economy slowly growing as markets pushed higher. former federal reserve vice chairman and noted princeton economist with us here next. ♪ gotcha ! got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never having to surrender the things that matter. gotcha. that's powerful. verizon. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then...
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Mar 18, 2013
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rowe price, we understand the connections of a complex, global economy. 's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. gerri: if you are looking for a free checking account these days, chances are, you are probably not going to find it at your local bank, percentage of offering free, no strings attached has dropped, down 26%, will the trend continue, should you consider a credit union instead. mcbride is joining me now with details, you have a lot of great numbers here. so you do the mag, it looks like credit unions offer the better deal. >> they used to run neck-and-neck, but banks, and the availability of free chec checking has dropped. and credit union its has dropped just a hair, more than 70% of largest credit unions still offer a stand alone free checking. gerri: you can get around the bank fees if you have a big enough balance. >>
rowe price, we understand the connections of a complex, global economy. 's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. gerri: if you are looking for a free checking account these days, chances are, you are probably not going to find it at your local bank, percentage of offering...
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Mar 19, 2013
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we have presided over the past three years over an economy that's produced over 6.3 million private sector jobs and we have more work to do. and this president's number one priority is growth and job creation. >> what a bunch of-- there's 20 million more americans on food stamps, number one. and number two, we have one in six americans in poverty. what would dr. carson do if he was president. would you cut back? >> well, i would certainly cut back, but the pay i would cut is evenly, but i would give the managers of each department discretion because they know where the fat is. they're not going to cut the muscle, they're going to cut the fat. it seems like what the president is doing is trying to cut in the places where it hurts the most in order to prove a point and i -- if ever the mainstream media reaches a point where they recognize that if we destroy this nation and destroy the economy, they, too, will be destroyed, i think at that point they will start asking the tough questions and helping to move the population in the right direction. >> sean: don't hold your breath, dr. carson. i
we have presided over the past three years over an economy that's produced over 6.3 million private sector jobs and we have more work to do. and this president's number one priority is growth and job creation. >> what a bunch of-- there's 20 million more americans on food stamps, number one. and number two, we have one in six americans in poverty. what would dr. carson do if he was president. would you cut back? >> well, i would certainly cut back, but the pay i would cut is evenly,...
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Mar 20, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-ye lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their busine
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-ye lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two...
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Mar 18, 2013
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it's worth about a billion dollars overall to the economy, just in southern california. we we are on the subject of sex in addition to the so-called vice taxes, some states are actually putting -- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn nearly $150 million for the state in nevada. regardless of whether not you think the taxes are good or bad public policy, there is no denying that device is generating an enormous amount of what government seems to like most, revenue. the nra proposal to keep our kids safe in school is still the best solution. the "a-team" on where are the other leaders. the billionaire mayor wants to ban guns
it's worth about a billion dollars overall to the economy, just in southern california. we we are on the subject of sex in addition to the so-called vice taxes, some states are actually putting -- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as...
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Mar 18, 2013
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the entire economy of this city is based in gaming, 33,000 people work in the industry. here at the golden nugget atlantic city casino, they have a golden nugget. look at that. they have a hotel, cay casino, d marina in the heart of new jersey. hear from the general manager at the bottom of the hour, and i sit down with a blackjack dealer and learn for the first time how to play blackjack. i never played it in the casino before, and you'll never guess how i did. it's not just gambling, but the biggest trends in alcohol these days, bourbon, plus, tobacco, porn, reality tv, and how your smart phone is a vice. we have a sinful hour ahead capping it off with how you at home as an investor can make money on it all. first tonight, our top story. obamacare's latest surprise is a new fee to hit employers. douglas holtz-eakin, president of the and former cbo director. great to talk to you. i was shocked to hear about the fee, $63, nobody knew it was coming, $63 per eployee, so for a company like boeing, that's $10 million just for the fee alone. what is it for, and why didn't we
the entire economy of this city is based in gaming, 33,000 people work in the industry. here at the golden nugget atlantic city casino, they have a golden nugget. look at that. they have a hotel, cay casino, d marina in the heart of new jersey. hear from the general manager at the bottom of the hour, and i sit down with a blackjack dealer and learn for the first time how to play blackjack. i never played it in the casino before, and you'll never guess how i did. it's not just gambling, but the...
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Mar 16, 2013
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gates may be enthusiastic about that but that would tank the economy, period. >> bill: here is my problem with gates. i was defending him but i don't think if he would say if george w. bush. you know president bush needs more power. at this think he is liberal partisan. i don't know him. i think that is where he coming from. share the wealth and income redistribution? >> there is no better example of ee leetsd in this country, gates equals microsoft, $61 billion net worth on the part of bill gates. >> bill: he gives a lot of money away. he is not a hypocrite like al gore? >> not even close but we should discuss what he is doing. these powerful companies hold the gate way to the digital world. microsoft, facebook, google these are huge companies, big power and then to align it with statist president like barack obama that would have a crushing influence on our society. >> bill: in the g.o.p. budget put forth by congressman ryan there was at call for a repeal of obamacare. now, i said earlier this week that was dumb. you don't put that in there because no one pays any attention to anything
gates may be enthusiastic about that but that would tank the economy, period. >> bill: here is my problem with gates. i was defending him but i don't think if he would say if george w. bush. you know president bush needs more power. at this think he is liberal partisan. i don't know him. i think that is where he coming from. share the wealth and income redistribution? >> there is no better example of ee leetsd in this country, gates equals microsoft, $61 billion net worth on the...
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Mar 14, 2013
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how are you going to grow an economy with that? and every working american is going to pay some of those taxes. let me ask you, let me ask you this. are you already not paying taxes through the roof? i am. property tax, sales tax, gas tax, state tax, city of new york tax, federal income tax, and almost everything i do in my leash time, rental cars, hotels, planes, all taxed as well. and the democrats want to add another trillion dollars in taxes? so we're quickly becoming sweden which has the highest tax rate in europe. u.s. corporate tax is already the highest in the world, already. and there is no doubt president obama wants to raise them even further. so, again, is this a sound economic policy? is this going to grow the economy in the u.s.a.? is it? finally, the president and the democratic party have failed to tell the american people exactly what programs they will cut in the future, if anymore. once again, there is no specific entitlement reform put forth by the president. this is really irresponsible. is it not? and that's t
how are you going to grow an economy with that? and every working american is going to pay some of those taxes. let me ask you, let me ask you this. are you already not paying taxes through the roof? i am. property tax, sales tax, gas tax, state tax, city of new york tax, federal income tax, and almost everything i do in my leash time, rental cars, hotels, planes, all taxed as well. and the democrats want to add another trillion dollars in taxes? so we're quickly becoming sweden which has the...
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Mar 14, 2013
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i think, look, china is here to stay, the second largest economy in the world. we need to have a constructive relationship with them. it would be foolish not to. neil: second term, brack brk, going -- barack obama going to make much progress? >> in what? neil: anything. >> i hope we get the house in order on a balance sheet. neil: do you think that's going to happen? >> i have doubts. neil: yeah, i share your doubt. always a pleasure, sir. >> always good to see you. neil: thank you very much. when we come back, remember when the president said this tuesday in >> we cannot and will not sustain deficits like these without end. we cannot spend as we please and defer consequences. neil: why what the president said today could prove what he said that day or all the other days after this. ♪ at a dry cleaner, we replad people wiwith a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real perso24/7, you need an ally. hello? ally bank. your money needs an ally. neil: caught on tape and caught saying m
i think, look, china is here to stay, the second largest economy in the world. we need to have a constructive relationship with them. it would be foolish not to. neil: second term, brack brk, going -- barack obama going to make much progress? >> in what? neil: anything. >> i hope we get the house in order on a balance sheet. neil: do you think that's going to happen? >> i have doubts. neil: yeah, i share your doubt. always a pleasure, sir. >> always good to see you....
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Mar 14, 2013
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how is the sequester hurting the economy? >> peter, the first the economic data we're seeing obviously from an recaller period. so it doesn't reflect the impact of the sequester yet. i think we have to remember that the sequester is different than either government shutdown or the potential default. it is not an on-off switch. inshed of -- instead of being a cliff it is more of a step stair to a place. the amount of sequester spending taken out of the economy will reduce gdp half a percent from where it will have been and cost 750,000 jobs where we would have had. i put a awful lot of creating 750,000 jobs. there should be bipartisan interest in making sure it doesn't have that effect. the actual policy effects are real. they're in the defense where it is not good in the strategic position in the world. senators like lindsey graham and john mccain interested in an alternative. not good from the domestic perspective. a lot of things you see around here because we do research and development at cutting-edge. we need to keep res
how is the sequester hurting the economy? >> peter, the first the economic data we're seeing obviously from an recaller period. so it doesn't reflect the impact of the sequester yet. i think we have to remember that the sequester is different than either government shutdown or the potential default. it is not an on-off switch. inshed of -- instead of being a cliff it is more of a step stair to a place. the amount of sequester spending taken out of the economy will reduce gdp half a...
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Mar 20, 2013
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, finite possibilities. >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, another record day for your 401(k). the dow hitting another all time high up 56 points, and the s&p and nasdaq ending the day in green territory. good news, but we have bad news. head's up investors, high frequency trade firms could put you and trades at a big disadvantage. it's a wash trade. when traders acted legally as the buyer and seller for the same transaction driving volumes and distorting prices. the cftc on the case. we have details of the investigation and what it means to you. bart, great to have you on the show. thanks so much for coming on. explain the wash trades. what are they? why are they eel lisle? >> well, you explained it well, gerri. it's actually when you offer to buy and you sell at the same time. you just cancel each other out. you are not taking risks in the markets, and it creates a false volume, and there's all sorts of fancy terms for w
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, finite possibilities. >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, another record day for your 401(k). the dow hitting another all time high up 56 points, and the s&p and nasdaq ending the day in green territory. good news, but we have bad news. head's up investors, high frequency trade firms could put you and trades at a big...
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Mar 14, 2013
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neil: what's a less erroneous, less crippling economy cutthat we could afford? >> i thi one way that we could look at this is to look at the experience of canada in the 1990s which did $5-$7 of spending cuts for every $1 of tax hikes. they substantially reduced government spending and saw a boom as a result of it. neil: guys, thank you very much. we shall see. on this and other subjects, bill gates, founder of microsoft, second richest person on the planet, jos me on what he thinks of this tax talk, and the impact that tax hikes on charitable contributions and the rest. next, we have hank giving the governme a big spanking. greenberg on the 55 billion lawsuit, and why washington is the one bullying. the one bullying. he has the facts, figures, and at a dry cleaner, the one bullying. he has the facts, figures, and we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. i took my son fishing every y
neil: what's a less erroneous, less crippling economy cutthat we could afford? >> i thi one way that we could look at this is to look at the experience of canada in the 1990s which did $5-$7 of spending cuts for every $1 of tax hikes. they substantially reduced government spending and saw a boom as a result of it. neil: guys, thank you very much. we shall see. on this and other subjects, bill gates, founder of microsoft, second richest person on the planet, jos me on what he thinks of...
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economy continues to score optimism. we'll talk about the the dollar and how you can profit from it right after this. >>> at the top of the hour, we welcome the head of u.s. trading at bank of america, merrill lynch. >>> and the minority whip steny hoyer. 8:40, big east commissioners on the future of the conference and much more. "squawk box" will be right back. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ >>> >>> welcome, back, everybody. the dollar getting a boost after surprising strong retail numbers. the yen falling under pressure. the chief market strategist at worldwide markets. joe, surprising this morning actually saw the euro back under 1.29. did that catch you by surprise? >> not really. the u.s. economy looks good. we'll see if it plays out over the remainder of the year. you get good figures the beginning of the year and then it fades. >> it still has the fed. and qe infinity. >> they announced they're
economy continues to score optimism. we'll talk about the the dollar and how you can profit from it right after this. >>> at the top of the hour, we welcome the head of u.s. trading at bank of america, merrill lynch. >>> and the minority whip steny hoyer. 8:40, big east commissioners on the future of the conference and much more. "squawk box" will be right back. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was...